S&P Global Ratings places Fortum and Uniper’s credit ratings on CreditWatch Negative
FORTUM CORPORATION INVESTOR NEWS 5 JULY 2022 AT 23.00 EEST S&P Global Ratings (S&P) has placed Fortum’s and its subsidiary Uniper’s credit rating on CreditWatch Negative. On 16 May, S&P affirmed Fortum’s long-term rating of BBB while Uniper was downgraded to BBB-, both companies with negative outlook. Since 2018, Fortum has had the investment-grade rating of BBB from S&P. According to S&P, the CreditWatch Negative reflects the situation that Uniper is dependent on external factors, including government support, to sustain its financial position as long as the situation with the